Its one thing to talk about how to save money it is another thing to actually do it. Taking action may probably be the hardest between both.

I do not claim to be the best when it comes to saving money, but I do have some trick up my sleeves. Here is some money saving tips that I have personally experienced and applied throughout the years:

1.) Be electric consumption conscious – This is probably one of the best money saving tips I could offer considering the rising cost of electricity. Monitoring your electricity usage could save you a lot of money. This can be achieved by turning off appliances and lights that are not in use, shifting to energy saving light bulbs, turning off your electric water dispenser and your refrigerator during the night time and buying new home appliances. Most experts will tell you that new home appliances are more energy efficient than old appliances. In our own personal experience, when we started becoming more electric consumption conscious our bill went down by almost 25 %.

2.) Save loose change – My mom has taught me a lot of money saving tips, but this is one that really stuck in my mind. Loose change may seem insignificant. I started collecting my loose change and after more than a year when my piggy bank was full, I saved more than P 10,000.00. ($200.00 U.S plus)

3.) Recycle – This is a new program that I have started to implement. More than 3 months ago I instead of throwing away plastic, glass bottles and containers I started collecting them. Now I have 4 sacks of recyclable materials waiting to be sold. I am placing this in my garage and will be selling this at the end of the year.

4.) Not buying from the convenience store – Filipinos have commercialized "convenience stores" but there are also neighborhood convenience stores which we call as "Sari-sari" stores. This is where most Filipinos go to when they run out of shampoo or cooking oil. If you badly need the stuff and you do this once in a while, that may be all right. However buying your everyday needs in the sari-sari store might prove to be more expensive. Sari-sari store are definitely more expensive than the grocery stores because they buy their stuff from the grocery stores.

5.) Eating out less – This is one of the money saving tips that most financial experts agree upon. I think nobody would argue with me bringing lunch from home to work is definitely much more cheaper than buying lunch outside. Frequently eating outside especially in restaurants will surely make a dent in your pocket book. If you are a "leisure eater" and would like to satisfy your gastronomic cravings by trying out new restaurants, just try to schedule and limit your restaurant visits to once a week or once a month.

Do you like to know moremoney saving tips ? Visit the blog of Zigfred Diaz where he blogs about several interesting topics such as investments, money management, business, making money online and Stock market investing